Witczak Eric James 4

What Happened

• Eric James Witczak, Executive Vice President and Secretary of Nicolet Bankshares (NIC), had performance-based restricted stock units (RSUs) vest on Feb 13, 2026. He was credited with 3,333 shares at $155.19 per share (value $517,248).
• To cover the tax withholding for the vesting, 1,118 shares were withheld/disposed at the same $155.19 price (value $173,502), leaving a net issuance of 2,215 shares to Witczak.
• This was an award/vesting event (not an open-market purchase or sale).

Key Details

• Transaction date: February 13, 2026. Form filed Feb 17, 2026 (no late-filing indication in the report).
• Award: 3,333 RSUs vested @ $155.19 = $517,248 (code A: grant/acquisition).
• Tax withholding: 1,118 shares withheld @ $155.19 = $173,502 (code F: shares withheld to satisfy tax liability).
• Net shares received by insider: 2,215 shares (3,333 vested − 1,118 withheld).
• Holdings noted in the filing: Mr. Witczak also owns 1,087 shares under the Employee Stock Purchase Plan; the filing does not state his total company shareholding after the vesting.
• Footnotes: Vesting was triggered by completion of the merger between Nicolet Bankshares and MidWestOne Financial Group (performance metric). Shares were withheld specifically to cover tax obligations.

Context

• This was a performance-based RSU vesting tied to a corporate transaction (merger), so it's an award rather than an open-market buy/sell. Awards and tax-withholdings are routine administrative transactions and do not, by themselves, necessarily signal the insider’s intent to buy or sell additional stock.
• Net increase to the insider's holdings from this event was 2,215 shares.